EV Digital Invest AG / DE000A3DD6W5

EV Digital Invest AG updates forecast for 2024 and places convertible bonds

EQS-Ad-hoc: EV Digital Invest AG / Key word(s): Change in Forecast


30-May-2024 / 18:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 30 May 2024. EV Digital Invest AG (ISIN: DE000A3DD6W5), operator of the two online investment platforms ‘Engel & Völkers Digital Invest’ and ‘Digital Invest Assets’, updates its forecast for 2024. The company expects income1) of between EUR 2.3 million and EUR 2.7 million. EBIT is planned at between EUR -3.5 million and EUR -4.1 million. At the same time, expected total costs are forecasted at between EUR 5.8 million and EUR 6.6 million. The previous forecast originally predicted a year-on-year increase in income of 10 to 30 per cent for the 2024 financial year, with an improved EBIT of up to EUR -1.9 million. The updated financial planning is therefore also below analysts' estimates of income of EUR 5.6 million, total costs of EUR 7.4 million and a net loss for the year of EUR -1.8 million.

In this context, an additional capital requirement was identified. This will be covered by the placement of two convertible bonds with a total issue volume of EUR 2.5 million. For this reason, the company decided today to issue a first convertible bond with a nominal value of EUR 1.1 million. This was subscribed by the majority shareholder. In addition, the majority shareholder has undertaken to subscribe to a further convertible bond with a nominal value of EUR 1.4 million, which is to be issued after the upcoming Annual General Meeting. Shareholders' subscription rights have been or will be excluded. The conversion price is EUR 3.25 per share. The term of the convertible bonds is 2 years. The bonds are subject to qualified subordination.

Further information: www.ev-digitalinvest.de and www.digitalinvest-assets.de

EV Digital Invest AG
Licence partner of Engel & Völkers Marken GmbH & Co. KG
Joachimsthaler Str. 12
10719 Berlin
www.ev-digitalinvest.de

Contact:
Kirchhoff Consult, Jan Hutterer
Borselstraße 20, 22765 Hamburg
Phone: [phone]
E-mail: [e-mail]

1) Income is made up of the following items in the income statement: 1. sales, 2. other operating income, 3. other interest and similar income.

End of Inside Information

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30-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	EV Digital Invest AG
	Joachimsthaler Straße 10
	10719 Berlin
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.ev-digitalinvest.de
ISIN:	DE000A3DD6W5
WKN:	A3DD6W
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1914815

End of Announcement	EQS News Service

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1914815  30-May-2024 CET/CEST